Maris-Tech Receives Purchase Order for $410,000 from a Leading Israeli Defense Company
May 12 2023 - 8:10AM
Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a
B2B provider of edge AI accelerated video solutions for edge
platforms, announced that it had received a repeat purchase
order for $410,000 of Neptune XMC from a leading Israeli provider
of defense products and services.
Neptune XMC is a dual channel HD-SDI and Quad SD
recording, streaming, and data acquisition platform, a key
component for mission computers. The product is
operational in various applications worldwide.
Maris-Tech expects to deliver the order during 2023.
"We are pleased with this repeat purchase order from a leading
defense company, which we believe is a testimony to our continued
expansion, the value of our products and the successful deployment
of our unique technology in a wide range of applications," said
Israel Bar, CEO of Maris-Tech.
About Maris-Tech Ltd.Maris-Tech is a B2B
provider of video streaming and AI technology, founded by veterans
of the Israel technology sector with extensive electrical
engineering and imaging experience. Our products are designed to
meet the growing demands of commercial and tactical applications,
delivering high-performance, compact, low power and low latency
solutions to companies worldwide, including leading electro-optical
payload, RF datalink and unmanned platform manufacturers as well as
defense, HLS, and communication companies. For more information,
visit https://www.maris-tech.com.
Forward-Looking Statement Disclaimer
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are intended to be covered by the "safe harbor"
created by those sections. Forward-looking statements, which are
based on certain assumptions and describe our future plans,
strategies and expectations, can generally be identified by the use
of forward-looking terms such as "believe," "expect"," "may",
"should," "could," "seek, " "intend, " "plan, " "goal, " "estimate,
" "anticipate" or other comparable terms. For example, we are using
forward-looking statements when we are discussing the timing for
the delivery of the order, our continued expansion, the value of
our products and the successful deployment of our unique technology
in a wide range of applications. Forward-looking statements are
neither historical facts nor assurances of future performance.
Instead, they are based only on our current beliefs, expectations
and assumptions regarding the future of our business, future plans
and strategies, projections, anticipated events and trends, the
economy and other future conditions. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict and many of which are outside of our control.
Our actual results and financial condition may differ materially
from those indicated in the forward-looking statements. Therefore,
you should not rely on any of these forward-looking statements.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements include, among others, the following:
our ability to successfully market our products and services,
including in the United States; the acceptance of our products and
services by customers; our continued ability to pay operating costs
and ability to meet demand for our products and services; the
amount and nature of competition from other security and telecom
products and services; the effects of changes in the cybersecurity
and telecom markets; our ability to successfully develop new
products and services; our success establishing and maintaining
collaborative, strategic alliance agreements, licensing and
supplier arrangements; our ability to comply with applicable
regulations; and the other risks and uncertainties described in the
Annual Report on Form 20-F for the year ended December 31, 2022,
filed with the SEC and our other filings with the SEC. We undertake
no obligation to publicly update any forward-looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or
otherwise.
Investor Relations:
Nir Bussy, CFOTel: +972-72-2424022Nir@maris-tech.com
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